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Excelland Robotics leaps in trading debut despite tepid international interest

Shares of robotics manufacturer Excelland Robotics (Wuxi) Co. Ltd. (3231.HK) opened 142% above their IPO price in their ...
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Waterdrop revenue jumps, but profit falls on swelling marketing expenses

Waterdrop Inc. (WDH.US) on Tuesday reported its revenue jumped 72.8% year-on-year to 1.45 billion yuan ($216 million) in the ...
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KWG’s August sales plunge as offshore debt restructuring advances

Property developer KWG Group Holdings Ltd. (1813.HK) said on Tuesday that presales by the company, its joint ventures and ...
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Moonshot aims for meteoric valuation with a $3 billion Hong Kong IPO plan

Following back-to-back listings by Z.AI and MiniMax, Moonshot is reportedly seeking a $50 billion valuation through a Hong ...
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Shein’s U.S. buyout hits a political wall, as China’s fintech lenders face ruin

Meanwhile back in China, an entire private industry is falling apart. China’s private online lenders were once high-flying ...
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Nio’s stock stuck in a rut despite steadily improving performance

The new energy vehicle maker Nio has recorded adjusted profits in the last three quarters, yet its stock now trades near a 52-week low ...
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Shanghai Vision Star aims for global spotlight with Hong Kong IPO

Vision Star has abandoned its listing on Beijing’s NEEQ market and is looking to Hong Kong in a bid to attract international capital ...
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China domestic car sales sink in August, as exports continue to surge

Car sales in China fell 23.7% in August, as manufacturers continued to aggressively sell their vehicles abroad to offset the weakness at home.
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Bleeding cash and mired in debt, Haichang teeters on the brink of collapse

Haichang’s revenue slid in the first half of the year and its loss widened, as its massive debt load continued to swell ...
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Vatai delivers new e-commerce story with focus on cross-border trade

Vatai compliance services for cross-border e-commerce has filed to list in Hong Kong, boasting 66% revenue growth ...
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Zhihu to invest $223 million in AI fund

Online content community operator Zhihu Inc. (ZH.US; 2390.HK) said on Sunday it has agreed to invest 1.5 billion yuan ...
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Pateo Connect to raise $75 million in third share sale this year

Smart cockpit and connected-vehicle solutions provider Pateo Connect Technology (Shanghai) Corp. (2889.HK) announced on Tuesday it plans to place up to 4.89 million new shares to raise about HK$578 ...